NASDAQ$BCIC
BCP Investment Corp · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Portman Ridge completed merger with OHAI and increased portfolio yields.
Portman Ridge Finance Corporation reported a net investment income of $2.1 million, or $0.06 per basic share, for the fourth quarter of 2019. The company completed its acquisition of OHA Investment Corporation in December 2019 and is focusing on increasing shareholder value through portfolio repositioning and a stock repurchase program.
- Completed the merger with OHA Investment Corporation on December 18, 2019.
- Net investment income for Q4 2019 was $2.1 million, or $0.06 per basic share.
- Fair value of investments totaled approximately $278 million as of December 31, 2019.
- Board of Directors approved a $10 million stock repurchase program.
Headline financials
Revenue & EPS history
Portman Ridge · Revenue · Quarterly
$6.71M
Forward guidance
Portman Ridge Finance Corporation will continue to seek opportunities to increase scale and drive shareholder value.
Tailwinds
- Increase the scale of Portman Ridge
- Drive shareholder value
- Increase the underlying yields on the portfolio
- Increase the percentage of senior secured Debt Securities
- Selectively deploy capital in an accretive manner for shareholders
Headwinds
- Uncertainty of the expected financial performance of the Company
- Failure to realize the anticipated benefits of the Externalization
- Changes in general economic and/or industry specific conditions
- The impact of increased competition
- The Company ability to fund any unfunded commitments
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
-1.1%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-6.0%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+7.4%
Q4 2020
Best reaction
-15.3%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +1.8% | -7.6% | |
| Q4 2025 | -13.1% | -21.5% | -33.1% | |
| Q3 2025 | +0.4% | +7.5% | +8.4% | |
| Q1 2025 | +1.0% | +2.1% | -3.8% | |
| Q4 2024 | -4.0% | -5.7% | -28.1% | |
| Q3 2024 | -3.5% | -3.1% | -10.5% | |
| Q2 2024 | -2.5% | -1.9% | -3.4% | |
| Q1 2024 | +1.6% | +1.7% | -0.1% | |
| Q4 2023 | -1.3% | +1.4% | +2.1% | |
| Q3 2023 | +0.0% | -0.1% | +0.3% | |
| Q2 2023 | -1.6% | +0.0% | -5.8% | |
| Q1 2023 | +2.3% | +4.9% | -1.2% | |
| Q4 2022 | -6.2% | -7.4% | -12.9% | |
| Q3 2022 | +2.7% | +4.0% | +3.2% | |
| Q2 2022 | +0.0% | +0.3% | -7.5% | |
| Q1 2022 | +0.0% | -0.4% | +0.0% | |
| Q4 2021 | +0.4% | +0.2% | -2.5% | |
| Q3 2021 | +4.6% | +5.7% | +1.4% | |
| Q2 2021 | +1.7% | +2.9% | +1.6% | |
| Q1 2021 | +3.4% | +3.0% | +5.6% | |
| Q4 2020 | +7.4% | +5.0% | +16.3% | |
| Q4 2019 | -15.3% | -21.4% | -60.9% | |
| Q4 2018 | -2.2% | -3.0% | +0.3% |
Discussion
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